Best Stocks To Buy Under $10 According To Hedge Funds

0

Hedge funds are generally seen as ahead of the investment game compared to individual investors due to their resources, experience, and access to contemporary strategies. Some hedge funds are broadly diversified, while others specialize in certain industries such as energy, banking, or real estate. Investors can create excellent returns in a short period of time by buying cheap equities with strong growth catalysts. According to Bloomberg, Russell 3000 equities with a price less than $2 rose nearly 13% on average in the first quarter of 2021. This was more than three times the gain recorded in stocks with a market capitalization of over $100.

Insider Monkey highlights the list of the 10 best stocks to buy under $10 according to hedge funds. Southwestern Energy Company is one of the country’s largest producers of natural gas liquids. According to hedge funds, the company ranks ninth on the list of the best stocks to purchase under $10. SWN’s largest shareholder, Kopernik Global Investors, owns a $92 million stake. Kinross Gold Corporation is a Canadian gold mining company that ranks in the top ten in the world. Between 2021 and 2023, the business expects a 38 percent rise in production to 2.9 million gold equivalent ounces. It offers an appealing entry point based on the favorable catalysts that are forming for the company. Sirius XM Holdings Inc. declared a quarterly cash dividend of 2.19 cents per common stock share, up 50 percent from the previous quarter’s payout. As of Q2 2021, 26 hedge funds have invested a total of $577.5 million in the company. CEMEX, S.A.B. de C.V. is a Mexican-based vertically integrated international heavy construction materials corporation. The company, which produces aggregates, cement, ready-mix concrete, and urbanization solutions, has strong trading links with over 100 nations worldwide. DiDi Global Inc. is a well-known ride-hailing company in China, with a significant market share. In the first quarter of 2021, the company’s revenue climbed by 106 percent year over year to $6.6 billion. For more details, click 10 Best Stocks To Buy Under $10 According To Hedge Funds.

10 Best Stocks To Buy Under $10 According To Hedge Funds

Pexels

Share.